Buy Back & Burn Mechanics

Kazuki Turtles NFTs will be constantly bought back on the secondary market to reduce the total number of circulating offers and increase exclusivity.

NFT buyback

Finally, if the floor price ever drops 10% from the mint price, we will buy back all Kazuki Turtles NFTs at a price below that using pool funds. Since we will always have enough funds for such purchases, this means that the price of Kazuki Turtles NFTs has a lower bound.

Details

• All buyback operations will be handled manually by the team, so the buybacks will not happen immediately after the income is generated at first. Buybacks will occur every week if the price on the secondary marketplaces is less than the mint price. Thereafter, this procedure will be automated.

• Repurchased NFTs will be locked in the Kazuki DAO Treasury. The team will not use these NFTs for their own profit in any way. On the contrary, a part of NFTs will be used for marketing purposes (e.g. giveaways with partners, promoters, Mystery Boxes rewards, etc.), the rest of NFTs will be decided by our DAO community, i.e. until members find a way to use them, it will be kept in DAO Treasury without usage.

$Kazuki Buyback & Burn Mechanics

This system will be implemented for $KAZUKI buyback under the same conditions that we described above. Bought out tokens will be burned in order to add extra value to Liquidity Pool and to make market token price stable.